Fair value (multi-method)
Four independent methods triangulate what FTNT is worth. The headline is the Forward-DCF intrinsic value at a normalized growth rate; the margin of safety compares it to the current price.
Estimated fair value (Forward DCF)
$318.40
Method range
$4.67 – $318.40
median $117.44
Valuation methods
Each method’s implied fair value per share and its upside versus the current price. Missing methods (no analyst coverage, negative earnings, etc.) are shown as “—”.
| Method | Fair value | Upside vs price |
|---|---|---|
| Forward DCF | $318.40 | +105.35% |
| Exit multiple | $118.65 | -23.48% |
| Analyst target | $116.24 | -25.03% |
| Graham number | $4.67 | -96.99% |
- Forward DCF$318.40
- Exit multiple$118.65
- Analyst target$116.24
- Graham number$4.67
Stock price
$155.05
FCF / share (TTM)
$1.36
3Y FCF CAGR
19.9%
Fair value @ hist. growth
$65.22
This analysis is for informational purposes only and is not financial advice. Scenario prices and DCF-style figures depend on your assumptions and data from public filings and estimates. They are not forecasts of future returns.
Implied FCF growth
32.1%
per year over your projection horizon
Margin of safety -137.7% vs hist-growth DCF
Historical 3Y CAGR
19.9%
Your model implies
32.1%
Analyst consensus is EPS-only — no comparable FCF / share estimate to show on this basis.
Model inputs
Move sliders to test how the reverse DCF reacts. Historical-growth markers show where the company has actually grown over the last cycle.
Undiscounted FCF per share over 10 years at 20% annual growth.
Sensitivity — implied growth vs your assumptions
Each cell shows the per-share growth rate the market would need to justify the current price at that combination of discount rate (rows) and terminal growth (columns). Your selected inputs are highlighted.
| Row axis: discount rate. Column axis: terminal growth.Terminal g →↓ Discount | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% |
|---|---|---|---|---|---|
| 8.1% | 28.3% | 27.4% | 26.5% | 25.5% | 24.3% |
| 9.1% | 31.0% | 30.2% | 29.4% | 28.5% | 27.6% |
| 10.1% | 33.5% | 32.8% | 32.1% | 31.3% | 30.5% |
| 11.1% | 35.8% | 35.2% | 34.6% | 33.9% | 33.2% |
| 12.1% | 38.0% | 37.5% | 36.9% | 36.3% | 35.7% |
Historical multiples
Each bar is the trailing five-year range (low left, high right). Filled portion runs from low to today; the dot marks today; the small tick marks the five-year median. Low, median, and high are listed under each bar.
PEG
4.82
Demanding vs growth
Net cash
$1.5B
Total debt − cash
Beta
1.09
Vs market benchmark
Frequently asked questions
Fortinet (FTNT) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation
How this company returns cash to shareholders — buybacks, dividends, and stock splits.